Mortgages

Rate First Mortgage

Here’s our lowest rate. So you can start living in your new home with the ATB Rate First Mortgage.

Now’s the time to get our lowest rate. The ATB Rate First Mortgage is available at a 5-year, fixed rate. Plus, you can be comfortable knowing your rate and payment will not increase over the duration of the term.

Get the right mortgage for right now

Receive up to $4,000 cash or get our lowest rate.

Key product details

Term 5 years only, closed fixed-rate
Max amortization 25 years for high ratio and conventional mortgages
Interest rate High ratio closed fixed rate: 4.99%
Conventional close fixed rate: 5.49%
Rate guarantee 120 days
Minimum downpayment High ratio mortgages*: 5-20%
Conventional mortgages: >20%
Payment options Choose from monthly, semi-monthly, bi-weekly or weekly payments
Prepayment options Principal prepayments of up to 10% of the original mortgage amount per year
Increase regular payments by up to 10% per year

Do you have questions about buying a home?

We’ll take you through what you need to know and do when buying a home in Alberta.

Frequently asked questions

You may increase your current payment up to a maximum of 10% per year, based on your current payment.

The ATB Rate First Mortgage allows for principal prepayments of up to 10% of the original mortgage balance per year. If you go over this amount a prepayment penalty is accrued.

Contact us to learn more about mortgages with 20% prepayment options.

5 years.

No. The Rate First Mortgage is available as a new mortgage on Alberta properties only.

No. The ATB Rate First Mortgage is only available for new mortgages. However, we have renewal specialists that will review your options with you, including any special rates that you may be eligible for.

It certainly may be the best time to buy. If you’ve saved enough and found your desired neighbourhood, then you’re well on your way to buying a new home with the ATB Rate First Mortgage.

Yes, the ATB Rate First Mortgage offers our lowest rate possible on a new mortgage. It makes it the best time to become a first-time buyer in Alberta.

Get started with our Rate First Mortgage

Fill out the form below to get started with our Rate First Mortgage or to connect with one of our mortgage experts to explore mortgages at ATB.

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